New Providence trades flat as spotlight stays on Abra’s $750 million SPAC effort
New Providence Acquisition Corp. III shares stayed flat in early U.S. trade Tuesday. The SPAC kept close to its redemption value as investors looked for more details on the planned merger with Abra Financial Holdings. The Class A stock last traded at $10.35, off less than a cent, with just 19 shares changing hands as of about 10:05 a.m. in New York. Market cap stood at roughly $397.3 million.